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Stock impact report

Breaking out the 'selective scalpel': Wall Street sees AI stock trade as intact [Yahoo! Finance Canada]

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Tech ( XLK ) stocks have been on a rollercoaster recently as concerns over funding for Oracle ( ORCL ) data centers and construction delays from CoreWeave ( CRWV ) rattled AI plays. "I do believe these are all hyper-valid concerns for the theme, and with the market now breaking out the 'scrutiny scalpel' we are finally seeing appropriate 'winners and losers' dispersion, and that's a good thing," Nomura Securities equity derivatives analyst Charlie McElligott wrote in a note on Thursday. However, Micron Technology's ( MU blockbuster results sparked a rebound in AI trades. The memory chipmaker beat Wall Street estimates on Q1 revenue and EPS, helped by AI-fueled demand. McElligott compared Micron's earnings' "upside shock" to Nvidia's ( NVDA ) results in May 2023 , which acted as a catalyst for the broader AI boom. "Point-being, there is still blood left in this AI stone," McElligott wrote. Micron Technology, Inc. (MU) Investors have been watching for potential funding risk Show less Read more
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